Businesses owe nearly 900 million USD in social insurance premiums because of COVID-19

As of July, businesses nationwide owed social insurance premiums totalling over 20.6 trillion VND (887.6 million USD) due to the coronavirus crisis, according to Vietnam Social Insurance (VSI).
 Businesses owe nearly 900 million USD in social insurance premiums because of COVID-19 ảnh 1Illustrative image (Source: VNA)

Hanoi (VNA) -
As of July, businesses nationwide owed socialinsurance premiums totalling over 20.6 trillion VND (887.6 million USD) due tothe coronavirus crisis, according to Vietnam Social Insurance (VSI).

To remove the difficulties facing affected enterprises, VSI has directedthe suspension of contributions to the retirement and survivorship funds of socialinsurance programmes in cities and provinces.

As a result, as at June, nearly 1,520 businesses had been approved to suspendsuch contributions.

VSI also issued a document in August guiding social insurance agenciesin localities on the suspension of contributions to December.

According to Deputy Director of VSI Tran Dinh Lieu, more than 15.2million people joined social insurance in the January-July period. Over 12.7million people had unemployment insurance, and more than 85.9 millionhealth insurance, or 88.8 percent of the population.

The number of people taking part in compulsory social insurance, healthinsurance, and unemployment insurance fell compared to last year due to theimpact of COVID-19, he said. But voluntary participation continued toincrease./.
VNA

See more

At the February 14 meeting between Lao Prime Minister Sonexay Siphandone and a delegation of Vietnamese businesses and international enterprises from various countries. (Photo: VNA)

Vietnam strengthens business and investment ties in Laos

Highlighting Laos's vast potential for trade and investment cooperation, Lao Prime Minister Sonexay Siphandone said that Laos is an attractive investment destination, particularly in agriculture, tourism, logistics, and infrastructure development.

Lao government officials and representatives of Vietnamese businesses at the seminar (Photo: VNA)

Vietnamese firms eye investment in Laos

He reaffirmed Laos as a key investment destination for Vietnamese and global firms, highlighting opportunities in agriculture, tourism, logistics, and infrastructure.

Vice Chairman of the Bac Giang People's Committee Mai Son (Photo: bacgiang.gov.vn)

Bac Giang speeds up non-state budget investment projects

In the coming period, the northern province of Bac Giang will focus on addressing challenges to non-state budget investment projects and expediting their progress, affirmed Vice Chairman of the provincial People's Committee Mai Son.

Representatives from industry associations share insights on Vietnam’s market trends. (Photo: VNA)

Vietnam, Thailand boost industrial trade exchange

Trade between Vietnam and Thailand reached 20.18 billion USD in 2024, up 6.4% year-on-year. Thailand remained Vietnam’s top ASEAN trade partner, accounting for 24% of its total trade with the bloc.

Representatives from Lao and Vietnamese agencies at the signing ceremony. (Photo: VNA)

Vietnam, Laos strengthen energy cooperation

A 1,200 MW wind power plant in Nong district, Laos’ Savannakhet province is expected to export 1,526 kWh to Vietnam annually once its first phase completes by the end of 2027, and additionally 1,112 million kWh per year after its second phase becomes operational in 2030./

A view of the Hanoi skyline. While rental properties continue to be in demand, there has also been a notable rise in the number of foreigners looking to buy houses. (Photo: VNA)

Housing demand from foreigners in Hanoi rises

Over several years, Hanoi has increasingly become an attractive destination for foreign workers, with approximately 10,000 new foreign workers are granted licences to work in the city each year.